Barroso: Eurozone Countries Not Moving Into Recession

MOSCOW, October 19 (RIA Novosti) – The eurozone is not facing another fiscal downturn, however, an effort to develop economic reforms is needed, European Commission President Jose Manuel Barroso said Sunday.

"Of course ... we should avoid any kind of complacency, we should now push for stricter reforms to make our economies more attractive," he added.

BBC's Marr noted that Barroso's ten-year presidency at the European Commission coincided with financial crisis in Europe, as many investors fled the euro zone over recession fears.

Economic growth in the eurozone almost came to a standstill earlier this year, partially due to the crisis inherited from the south of Europe, where some countries' economies were severely affected by recession, and partially due to low prospective growth nearly everywhere in the eurozone.

Hello,
!

We are committed to protecting your personal information and we have updated our Privacy Policy to comply with the General Data Protection Regulation (GDPR), a new EU regulation that went into effect on May 25, 2018.

Please review our Privacy Policy. It contains details about the types of data we collect, how we use it, and your data protection rights.

Since you already shared your personal data with us when you created your personal account, to continue using it, please check the box below:

I agree to the processing of my personal data for the purpose of creating a personal account on this site, in compliance with the Privacy Policy.

If you do not want us to continue processing your data, please click here to delete your account.

promotes the use of narcotic / psychotropic substances, provides information on their production and use;

contains links to viruses and malicious software;

is part of an organized action involving large volumes of comments with identical or similar content ("flash mob");

“floods” the discussion thread with a large number of incoherent or irrelevant messages;

violates etiquette, exhibiting any form of aggressive, humiliating or abusive behavior ("trolling");

doesn’t follow standard rules of the English language, for example, is typed fully or mostly in capital letters or isn’t broken down into sentences.

The administration has the right to block a user’s access to the page or delete a user’s account without notice if the user is in violation of these rules or if behavior indicating said violation is detected.